Dogecoin Price Analysis: Dogecoin (DOGE) price suffers due to market pressure

Dogecoin (DOGE) and Bitcoin are almost having a concurrent momentum. In the last few days, we have observed that Bitcoin and Dogecoin are seen struggling because of the market pressure, but the price drop has less density and a maintained range. The same helps the traders to build trust in the coins.

Dogecoin is also showing a similar potential like Bitcoin, which is astounding. The coin is at the 30th position in the crypto market but is showing a remarkable hold on its momentum. Talking about yesterday, the coin touched a high at $0.003018 and a low at $0.002905.

Dogecoin Price Analysis: Dogecoin (DOGE) price suffers due to market pressure

Current Statistics of Dogecoin:

The chart is taken from Trading View as on 26th July 2019 at 09:41:58 UTC for price analysis.

Dogecoin Price Chart - 26 July
Dogecoin Chart by TradingView

Looking at the chart, it is observed that the coin is reflecting a downfall in the price of Dogecoin to USD. The coin jumped from $0.0029 to $0.0030 by 3.63%. Later, the coin took another jump of 7.49% from $0.0028 to $0.0030 and closed at $0.0029. The coin booked a slight upsurge of 0.37%. Today, Dogecoin opened at $0.0029. The coin slipped in the first few hours from $0.0029 to $0.0028 by 5.22%. Later, the coin escalated from $0.0028 to $0.0029 by 4.4%.

Summary of the Statistics:

  • The current trading price of the coin is $0.00293187.
  • The ROI of Dogecoin (DOGE) is 420.15%.
  • The market cap stands at $350,256,748.
  • The circulating supply is noted as 120,510,417,465 DOGE.
  • The 24hr Volume is at $20,758,501.

Dogecoin Price Prediction and Conclusion:

The traders who are looking for a long-term investment plan comprised of less risk, then Dogecoin would be the best option for them. Both Dogecoin and Bitcoin are maintaining a concurrent momentum during the market fluctuations. The traders can go for the coin with the prospect of high dividend. By the end of 2019, the DOGE price prediction for the coin is expected to touch $0.0070.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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